Performance Food Group (NYSE:PFGC – Get Free Report) had its target price boosted by research analysts at Sanford C. Bernstein from $130.00 to $135.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the food distribution company’s stock. Sanford C. Bernstein‘s price target indicates a potential upside of 23.70% from the stock’s previous close.
Other analysts also recently issued reports about the company. TD Cowen raised their price target on Performance Food Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup boosted their price objective on shares of Performance Food Group from $143.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $133.00 target price on shares of Performance Food Group in a research note on Thursday, August 13th. Morgan Stanley raised their target price on shares of Performance Food Group from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, October 15th. Finally, Weiss Ratings cut shares of Performance Food Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 9th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.40.
View Our Latest Research Report on PFGC
Performance Food Group Trading Down 0.4%
Shares of NYSE:PFGC traded down $0.43 during trading on Thursday, hitting $109.14. The company had a trading volume of 860,574 shares, compared to its average volume of 1,863,727. The stock has a market cap of $17.19 billion, a price-to-earnings ratio of 47.70, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91. Performance Food Group has a one year low of $80.82 and a one year high of $117.47. The company has a fifty day simple moving average of $95.58 and a two-hundred day simple moving average of $97.52. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67.
Performance Food Group (NYSE:PFGC – Get Free Report) last announced its earnings results on Wednesday, November 4th. The food distribution company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. The firm had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $18.02 billion. Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. As a group, equities analysts forecast that Performance Food Group will post 5.58 earnings per share for the current year.
Insider Activity
In other Performance Food Group news, insider Hugh Hatcher sold 3,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $99.18, for a total value of $297,540.00. Following the sale, the insider owned 58,167 shares in the company, valued at $5,769,003.06. This trade represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chasity D. Grosh sold 1,005 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $92.40, for a total value of $92,862.00. Following the completion of the sale, the insider owned 5,783 shares in the company, valued at approximately $534,349.20. The trade was a 14.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 41,459 shares of company stock worth $4,317,917 in the last three months. Corporate insiders own 2.10% of the company’s stock.
Institutional Trading of Performance Food Group
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Performance Food Group in the 2nd quarter worth about $1,576,983,000. Primecap Management Co. CA bought a new stake in Performance Food Group during the 2nd quarter valued at about $305,064,000. Dimensional Fund Advisors LP boosted its position in Performance Food Group by 32.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,514,963 shares of the food distribution company’s stock valued at $215,418,000 after buying an additional 619,572 shares during the period. Bank of New York Mellon Corp bought a new position in Performance Food Group in the 2nd quarter worth about $105,756,000. Finally, TimesSquare Capital Management LLC bought a new position in Performance Food Group in the 2nd quarter worth about $94,236,000. 96.87% of the stock is owned by hedge funds and other institutional investors.
Performance Food Group News Summary
Here are the key news stories impacting Performance Food Group this week:
- Positive Sentiment: Fiscal Q1 adjusted EPS was $1.32, topping consensus estimates of about $1.26–$1.27. Revenue rose 5.5% year over year to $18.02 billion, in line with expectations; coverage also highlighted stronger net income and growth in independent-customer cases. Performance Food Group Q1 Results Improve, Expects Q2 Sales To Rise; Backs Annual Outlook
- Positive Sentiment: TD Cowen raised its price target to $125 from $110 and maintained a Buy rating, signaling increased analyst confidence in the shares. TD Cowen Stock Recommendations
- Positive Sentiment: Management expects sales to rise in Q2 and reaffirmed its fiscal 2027 annual outlook, providing reassurance that the company remains on track. Performance Food Group Maintains FY27 Net Sales Outlook
Performance Food Group Company Profile
Performance Food Group Co (NYSE:PFGC) is a food and foodservice distribution company serving restaurants, convenience stores, schools, health care facilities, hospitality businesses and other institutional customers. The company supplies a broad selection of fresh, frozen and dry food products, beverages, disposables, kitchen supplies and related equipment.
Performance Food Group operates through three primary business areas: Foodservice, which distributes products to independent and chain restaurants and institutional customers; Vistar, which supplies candy, snacks, beverages and other products to vending, theater, hospitality and specialty retail customers; and Convenience, which serves convenience stores and other retail locations with food, beverages, tobacco products and related merchandise.
The company traces its origins to 1987 and is headquartered in Richmond, Virginia.
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